NAFTA Terminated: President Trump Announces Preliminary Agreement for New U.S./Mexico Trade Deal

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President Trump Press Conference on NAFTA with Mexico – August 27, 2018

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Trump: Negotiations With Canada Will Start ‘Shortly’ – Won’t Stand for Dairy Tariffs

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Tunis asked:

“Has PDJT actually signed the order terminating NAFTA? I believe a notice has to be given to exit NAFTA. When does Congress get in the game as they have ratify all treaties?”

Sundance (CTH) replied:

Tunis, this is the brilliance of Trump. The administration has exploited a loophole in the legislation itself. By negotiating under the auspices of a NAFTA re-do there is no formal dissolution needed…. this is a restructuring.

However, the new NAFTA, isn’t NAFTA; instead it ends up as two bilateral trade agreements. The NAFTA legislation is hollowed out. All pages are replaced with the new dual bilateral agreements, but the surface binder remains the…